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PostNL (), formerly TNT N.V., is a
mail The mail or post is a system for physically transporting postcards, letters, and parcels. A postal service can be private or public, though many governments place restrictions on private systems. Since the mid-19th century, national postal sys ...
, parcel and
e-commerce E-commerce (electronic commerce) is the activity of electronically buying or selling of products on online services or over the Internet. E-commerce draws on technologies such as mobile commerce, electronic funds transfer, supply chain manag ...
corporation with operations in the
Netherlands ) , anthem = ( en, "William of Nassau") , image_map = , map_caption = , subdivision_type = Sovereign state , subdivision_name = Kingdom of the Netherlands , established_title = Before independence , established_date = Spanish Netherl ...
,
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwee ...
,
Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...
,
Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to ...
, and the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...
. It provides universal delivery in the Netherlands, and is publicly listed at
Euronext Amsterdam Euronext Amsterdam is a stock exchange based in Amsterdam, the Netherlands. Formerly known as the Amsterdam Stock Exchange, it merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext. The ...
. The company was known as TNT NV until TNT Express was separated from it in May 2011, and the remainder of the company was renamed PostNL.


History

In January 1997, KPN, the government-owned postal monopoly in the Netherlands, purchased Australian based TNT Limited after completing a friendly takeover. TNT's non-core activities outside of mail, express and logistics were sold. These included Ansett Worldwide Aviation Service to
Morgan Stanley Dean Witter Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...
, the Komatsu Forklift business, the
Port of Geelong The Port of Geelong is located on the shores of Corio Bay at Geelong, Victoria, Australia. The port is the sixth-largest in Australia by tonnage. Major commodities handled by the port include crude oil and petroleum products, export grain and ...
and some other Australian interests to
Toll Holdings The Toll Group is an Australian-based subsidiary of Japan Post Holdings with operations in transportation, warehousing and logistics in road, rail, sea and air. It has two divisions; Global Forwarding, Global Logistics. History In 1888, A ...
, and the Sydney Monorail and Sydney light rail operation to CGEA Transport Sydney. On 25 June 1998, KPN merged its PTT Post division to form the TNT Post Group (TPG) that was listed on the
Amsterdam Amsterdam ( , , , lit. ''The Dam on the River Amstel'') is the capital and most populous city of the Netherlands, with The Hague being the seat of government. It has a population of 907,976 within the city proper, 1,558,755 in the urban ar ...
,
Frankfurt Frankfurt, officially Frankfurt am Main (; Hessian: , " Frank ford on the Main"), is the most populous city in the German state of Hesse. Its 791,000 inhabitants as of 2022 make it the fifth-most populous city in Germany. Located on it ...
,
London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...
and
New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...
stock exchanges.History TNT
/ref> In April 1998, TPG opened its European Express Centre at
Liège Airport Liege Airport, nl, Luchthaven Luik, german: Flughafen Lüttich , previously called Liege-Bierset Airport,, nl, Luchthaven Luik-Bierset is an international airport located west of the city of Liège, Wallonia in Belgium. The airport mainly fo ...
Belgium. In October 1998, an international road hub opened in Duiven, Netherlands. In December 1998, TPG acquired French company Jet Services. In April 2005, TNT Post Group was rebranded as TNT. In November 2006, TNT sold its logistics division to
Apollo Global Management Apollo Global Management, Inc. is an American global private-equity firm. It provides investment management and invests in credit, private equity, and real assets. As of March 31, 2022, the company had $512 billion of assets under management, ...
, it was later rebranded
CEVA Logistics CEVA Logistics is a global logistics and supply chain company in both freight management and contract logistics with US$12 billion in revenues. Its head office is in Marseille, France, and it was founded in 2007, as a merger of TNT Logistics and E ...
. In March 2007, TNT acquired Hoau, China's private freight and parcels delivery firm. On 18 June 2007, TNT was delisted from the New York Stock Exchange. In August 2010, TNT announced its intention to float the express business as a separate company. This took effect on 31 May 2011, with TNT Express floated on the Amsterdam Stock Exchange, and TNT NV renamed PostNL. PostNL retained a 29.9% stake in TNT Express on completion of the breakup. Peter Bakker,
chief executive officer A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...
of TNT since 2001, stepped down at the end of May 2011 with Harry Koorstra becoming CEO of PostNL. In April 2012, Harry Koorstra resigned after conflicts with the supervisory board.
Herna Verhagen Verhagen speaking at the Health Valley congress in 2018 Hendrica Wilhelmina Petronella Maria Agatha "Herna" Verhagen (born 1966) is a Dutch business executive and the CEO of PostNL since 2012. Verhagen is one of two women leading publicly-listed ...
became the new CEO. In June 2013, PostNL announced that to reduce costs in the face of declining volume, it would be eliminating Monday deliveries (accounting for only 2.6% of volume), cut the number of post boxes in half, and reduce the number of post offices from around 2,500 to about 1,000. From 2012 to 2013, the organization reduced the number of mail processing locations from 260 to 145.


Operations


Netherlands

PostNL, formerly known as Koninklijke TNT Post, has been assigned by the Dutch government to carry out the UPD (''Universele Postdienst'', Dutch for ''Universal Postal Service''). Carrying out the UPD requires, amongst other things, PostNL to deliver mail throughout the Netherlands five days a week (Tuesday through Saturday) and to maintain enough mailboxes in the country. Autoriteit Consument & Markt is charged with monitoring and enforcing the execution by PostNL.


Rest of Europe

PostNL operates in
Belgium Belgium, ; french: Belgique ; german: Belgien officially the Kingdom of Belgium, is a country in Northwestern Europe. The country is bordered by the Netherlands to the north, Germany to the east, Luxembourg to the southeast, France to ...
,
Luxembourg Luxembourg ( ; lb, Lëtzebuerg ; french: link=no, Luxembourg; german: link=no, Luxemburg), officially the Grand Duchy of Luxembourg, ; french: link=no, Grand-Duché de Luxembourg ; german: link=no, Großherzogtum Luxemburg is a small lan ...
,
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwee ...
,
Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...
and the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...
. The company continued to use the TNT Post name in these countries shortly after the demerger, in agreement with TNT Express that it would rebrand by the end of 2014. In the end of 2013, its Belgian operations were also rebranded as PostNL. TNT Post Germany was rebranded as Postcon in March 2014, and in May TNT Post Italy was rebranded , using the same logo style as its parent PostNL. TNT Post UK was rebranded as
Whistl Whistl (formerly TNT Post UK) is a postal delivery company based in Marlow, Buckinghamshire, England. The company primarily competes (and in some instances partners) with UK Mail, UPS, Parcelforce, DHL, Evri, Royal Mail and Yodel. According ...
in September 2014, and in October 2015 PostNL sold a majority stake in the company to its management in a
management buyout A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management-, and/or leveraged buyout became noted phenomena o ...
. In August 2019, PostNL announced it had agreed to sell its Postcon operations in Germany to Quantum Capital Partners, with the sale expected to take effect from the end of 2019. In February 2020 PostNL signed an agreement with Mutares for the sale of 80% of the shares of the Italian subsidiary of PostNL, Nexive. Mutares would obtain a majority interest of 80% and PostNL a minority interest of 20% of the entity that acquired Nexive. The transaction was subject to a number of conditions and was expected to close in Q2, 2020.


See also

* Caribbean Postal Union *
Postage stamps and postal history of the Netherlands This is a survey of the postage stamps and postal history of the Netherlands. The postal region of the Netherlands is located in North-West Europe and comprises the whole territory of the Kingdom of the Netherlands in Europe and until 2010 the fu ...


References


External links

* * {{Authority control Companies based in The Hague Companies formerly listed on the New York Stock Exchange Companies listed on the Frankfurt Stock Exchange Companies listed on the London Stock Exchange Dutch brands Postal organizations Postal system of the Netherlands 1998 establishments in the Netherlands